Incisive Nifty Trend Analysis

[prada]

My levels are always Nifty spot levels only.

Are the levels for Nifty or Nifty Futures(1st. Month)?

 

[prada]

Nifty Update: Although Nifty has been in a correction mode, the pattern has been extremely meager and does not give me a strong conviction to go short. Chart of Bank nifty strengthens this view. In my opinion, Nifty will make another high above 6300 before it enters into a meaningful/deep correction. This will provide a very favourable R:R for the bears to make money. At the moment, my trailing longs in Nifty got stopped out yesterday but I still hold bank nifty longs. Will look to go long in Nifty above 6170 spot. Supports- 6089-6070-6049-6030

 

[essem]

Finally The RBI Credit Policy announced... and Call/Put Writers may happy today. All options price are decreased.

 

[DSM]

PraDa, It would be a good idea to state that 'Levels quoted is Nifty Spot' in your signature IN BOLD. Else, there will be many new joiners to the thread who will be asking you the same question in future.

My levels are always Nifty spot levels only.

 

[essem]

I was stopped out yesterday at 6098. Today i went long again at 6127 and still holding the long.

When we can cover long position? any idea? i am also holding dont know how long to hold.

 

[anup]

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Sir,I have seen your post in 4 other threads..Dont spam sir,otherwise you will be banned

 

[prada]

Nifty Update: Nifty will make an attempt to test 6300 from current levels. However, I would maintain a cautious stance from here on and I've started to book profits on my long positions. I expect volatility to kick in next week which could last until the end of November. USD/INR movement( strong bounce back expected) too does not give me the comfort feeling. In any case, gear up for a meaningful correction moving into the month of November.

PraDa

 

[sridhar]

Based on Daily Time frame VAP (Volume at Price) I am getting Nifty F1 resistance levels as follows:-
Moderate - 6247. Weak - 6291. And top is 6349.

However I have found that at around 6291 whatever selling comes does tend to push down price pretty quickly.

 

[essem]

Goood move by market looks like market wont give up soon? keep flying

 

[yankeetrader]

Goood move by market looks like market wont give up soon? keep flying

yes it needs to fly more. the higher u r the greater u fall